SlideShare uma empresa Scribd logo
1 de 41
Baixar para ler offline
KEEP CALM AND CARRY ON



@emigal | www.emigal.com
@emigal | www.emigal.com
A startup is a bit like Poland during WW2
                   (but without the support of Britain & France)




@emigal | www.emigal.com
Everything that can go wrong, will.
                           NO, REALLY. IT WILL.




@emigal | www.emigal.com
Three things that will give you ULCER




@emigal | www.emigal.com
Three things that will give you ULCER


   THE PRODUCT
   WILL SUCK
   (one way or
   another)




@emigal | www.emigal.com
Three things that will give you ULCER


   THE PRODUCT             RAISING MONEY
   WILL SUCK               WILL HURT
   (one way or             (like, quite
   another)                literally)




@emigal | www.emigal.com
Three things that will give you ULCER


   THE PRODUCT             RAISING MONEY   YOUR ESTIMATES
   WILL SUCK               WILL HURT       WILL BE WRONG
   (one way or             (like, quite    (all of them,
   another)                literally)      without doubt)




@emigal | www.emigal.com
Why I’m here today

                                        Over the past six years,
                             I’ve founded, invested or been involved with:




                           For the past two years, I’ve been living in London
                                    (and I’ve learnt a lot from that).



@emigal | www.emigal.com
So, let’s talk about the product




@emigal | www.emigal.com
So, let’s talk about the product

      The Product is
      Awesome
      (but nobody
      uses it)




@emigal | www.emigal.com
@emigal | www.emigal.com
So, let’s talk about the product

      The Product is
      Awesome
      (but nobody
      uses it)




@emigal | www.emigal.com
So, let’s talk about the product

      The Product is
      Awesome
      (but nobody
      uses it)
                                 Wait.



@emigal | www.emigal.com
So, let’s talk about the product

      The Product is
      Awesome
      (but nobody
      uses it)
                                 Wait.      Iterate.



@emigal | www.emigal.com
move
                           quickly
@emigal | www.emigal.com
So, let’s talk about the product

      The Product is         Everyone wants
      Awesome                the product
      (but nobody             (but the product
      uses it)                sucks)




@emigal | www.emigal.com
@emigal | www.emigal.com
So, let’s talk about the product

      The Product is         Everyone wants
      Awesome                the product
      (but nobody             (but the product
      uses it)                sucks)




@emigal | www.emigal.com
So, let’s talk about the product

      The Product is         Everyone wants
      Awesome                the product
      (but nobody             (but the product
                                                 Improve
      uses it)                sucks)
                                                 it as fast
                                                 as you
                                                 can.

@emigal | www.emigal.com
So, let’s talk about the product

      The Product is         Everyone wants      Your product sucks
      Awesome                the product         and nobody uses it
      (but nobody             (but the product   (well, not much more
      uses it)                sucks)             to say here)




@emigal | www.emigal.com
move
                           quickly
@emigal | www.emigal.com
Fundraising will be painful




@emigal | www.emigal.com
Fundraising will be painful


   INVESTORS
   HAVE NO CLUE
    (about pretty much
    anything)




@emigal | www.emigal.com
Fundraising will be painful


   INVESTORS                     IT’S ALL ABOUT
   HAVE NO CLUE                  THE MONEY
    (about pretty much            (although they claim
    anything)                     it ain’t)




@emigal | www.emigal.com
Fundraising will be painful


   INVESTORS                     IT’S ALL ABOUT          IT WILL TAKE LONGER
   HAVE NO CLUE                  THE MONEY               THAN YOU EXPECT
    (about pretty much            (although they claim   (as in, WAY longer)
    anything)                     it ain’t)




@emigal | www.emigal.com
Investors have no clue
                              (ok, maybe 2% of them do)




@emigal | www.emigal.com
Investors have no clue
                              (ok, maybe 2% of them do)



   I’VE MET ABOUT
   100 INVESTORS
    (Just a handful get
    what we do at
    Brainient)




@emigal | www.emigal.com
Investors have no clue
                              (ok, maybe 2% of them do)



   I’VE MET ABOUT               THEY SPREAD
   100 INVESTORS                THEMSELVES TOO
    (Just a handful get         THIN
    what we do at               (I am yet to see an
    Brainient)                  investor that only
                                meets startups they
                                understand)


@emigal | www.emigal.com
Investors have no clue
                              (ok, maybe 2% of them do)



   I’VE MET ABOUT               THEY SPREAD               ENTREPRENEURS
   100 INVESTORS                THEMSELVES TOO            ARE USUALLY
    (Just a handful get         THIN                      MUCH SMARTER
    what we do at               (I am yet to see an       (No, really)
    Brainient)                  investor that only
                                meets startups they
                                understand)


@emigal | www.emigal.com
@emigal | www.emigal.com
It’s all about the money
                              (and who can blame them?)




        “Listen! We’re not just doing this for the money! We’re
                doing this for a SHITLOAD of money!”
                                                          Lone Starr (Bill Pullman)




@emigal | www.emigal.com
Again. Everything that can go wrong, will.
                           (especially when you’re raising money)




@emigal | www.emigal.com
@emigal | www.emigal.com
ALL your estimates will be WRONG
                           (well, mine were)




@emigal | www.emigal.com
ALL your estimates will be WRONG
                           (well, mine were)




   PRODUCT
   (will take two times
   longer - if you’re
   lucky)




@emigal | www.emigal.com
ALL your estimates will be WRONG
                              (well, mine were)




   PRODUCT                 RAISING MONEY
   (will take two times    (will take three
   longer - if you’re      times longer. Unless
   lucky)                  you’re dating a VC)




@emigal | www.emigal.com
ALL your estimates will be WRONG
                              (well, mine were)




   PRODUCT                 RAISING MONEY          MAKING MONEY
   (will take two times    (will take three       (slash that Budget of
   longer - if you’re      times longer. Unless   yours in two. That’s
   lucky)                  you’re dating a VC)    more like it)




@emigal | www.emigal.com
You WILL have near death experiences.
             Quite a few of them, actually.
                           (a short story on what you should expect)




@emigal | www.emigal.com
@emigal | www.emigal.com
If Poland made it, so can we.
             (I sure hope there are no Polish people in the room)




@emigal | www.emigal.com

Mais conteúdo relacionado

Mais de VentureConnect (7)

Structuring a Business for Future Investments and What to Expect during the I...
Structuring a Business for Future Investments and What to Expect during the I...Structuring a Business for Future Investments and What to Expect during the I...
Structuring a Business for Future Investments and What to Expect during the I...
 
Dan Visoiu - Receiving an Investmet: StartUps Legal Procedure
Dan Visoiu - Receiving an Investmet: StartUps Legal ProcedureDan Visoiu - Receiving an Investmet: StartUps Legal Procedure
Dan Visoiu - Receiving an Investmet: StartUps Legal Procedure
 
Finantare prin investitori privati si fonduri de tip capital de risc
Finantare prin investitori privati si fonduri de tip capital de riscFinantare prin investitori privati si fonduri de tip capital de risc
Finantare prin investitori privati si fonduri de tip capital de risc
 
Venture connect Sofia
Venture connect SofiaVenture connect Sofia
Venture connect Sofia
 
Tecomm 13 octombrie 2011
Tecomm  13 octombrie 2011Tecomm  13 octombrie 2011
Tecomm 13 octombrie 2011
 
VentureConnect Cluj - Why you will not receive an investment
VentureConnect Cluj - Why you will not receive an investmentVentureConnect Cluj - Why you will not receive an investment
VentureConnect Cluj - Why you will not receive an investment
 
Marketing 24 7 sibiu-2-3 iunie 2011_venture_connect_business mall-ul afaceril...
Marketing 24 7 sibiu-2-3 iunie 2011_venture_connect_business mall-ul afaceril...Marketing 24 7 sibiu-2-3 iunie 2011_venture_connect_business mall-ul afaceril...
Marketing 24 7 sibiu-2-3 iunie 2011_venture_connect_business mall-ul afaceril...
 

Último

Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
Nauman Safdar
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 

Último (20)

Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 

Keep Calm and Carry On

  • 1. KEEP CALM AND CARRY ON @emigal | www.emigal.com
  • 3. A startup is a bit like Poland during WW2 (but without the support of Britain & France) @emigal | www.emigal.com
  • 4. Everything that can go wrong, will. NO, REALLY. IT WILL. @emigal | www.emigal.com
  • 5. Three things that will give you ULCER @emigal | www.emigal.com
  • 6. Three things that will give you ULCER THE PRODUCT WILL SUCK (one way or another) @emigal | www.emigal.com
  • 7. Three things that will give you ULCER THE PRODUCT RAISING MONEY WILL SUCK WILL HURT (one way or (like, quite another) literally) @emigal | www.emigal.com
  • 8. Three things that will give you ULCER THE PRODUCT RAISING MONEY YOUR ESTIMATES WILL SUCK WILL HURT WILL BE WRONG (one way or (like, quite (all of them, another) literally) without doubt) @emigal | www.emigal.com
  • 9. Why I’m here today Over the past six years, I’ve founded, invested or been involved with: For the past two years, I’ve been living in London (and I’ve learnt a lot from that). @emigal | www.emigal.com
  • 10. So, let’s talk about the product @emigal | www.emigal.com
  • 11. So, let’s talk about the product The Product is Awesome (but nobody uses it) @emigal | www.emigal.com
  • 13. So, let’s talk about the product The Product is Awesome (but nobody uses it) @emigal | www.emigal.com
  • 14. So, let’s talk about the product The Product is Awesome (but nobody uses it) Wait. @emigal | www.emigal.com
  • 15. So, let’s talk about the product The Product is Awesome (but nobody uses it) Wait. Iterate. @emigal | www.emigal.com
  • 16. move quickly @emigal | www.emigal.com
  • 17. So, let’s talk about the product The Product is Everyone wants Awesome the product (but nobody (but the product uses it) sucks) @emigal | www.emigal.com
  • 19. So, let’s talk about the product The Product is Everyone wants Awesome the product (but nobody (but the product uses it) sucks) @emigal | www.emigal.com
  • 20. So, let’s talk about the product The Product is Everyone wants Awesome the product (but nobody (but the product Improve uses it) sucks) it as fast as you can. @emigal | www.emigal.com
  • 21. So, let’s talk about the product The Product is Everyone wants Your product sucks Awesome the product and nobody uses it (but nobody (but the product (well, not much more uses it) sucks) to say here) @emigal | www.emigal.com
  • 22. move quickly @emigal | www.emigal.com
  • 23. Fundraising will be painful @emigal | www.emigal.com
  • 24. Fundraising will be painful INVESTORS HAVE NO CLUE (about pretty much anything) @emigal | www.emigal.com
  • 25. Fundraising will be painful INVESTORS IT’S ALL ABOUT HAVE NO CLUE THE MONEY (about pretty much (although they claim anything) it ain’t) @emigal | www.emigal.com
  • 26. Fundraising will be painful INVESTORS IT’S ALL ABOUT IT WILL TAKE LONGER HAVE NO CLUE THE MONEY THAN YOU EXPECT (about pretty much (although they claim (as in, WAY longer) anything) it ain’t) @emigal | www.emigal.com
  • 27. Investors have no clue (ok, maybe 2% of them do) @emigal | www.emigal.com
  • 28. Investors have no clue (ok, maybe 2% of them do) I’VE MET ABOUT 100 INVESTORS (Just a handful get what we do at Brainient) @emigal | www.emigal.com
  • 29. Investors have no clue (ok, maybe 2% of them do) I’VE MET ABOUT THEY SPREAD 100 INVESTORS THEMSELVES TOO (Just a handful get THIN what we do at (I am yet to see an Brainient) investor that only meets startups they understand) @emigal | www.emigal.com
  • 30. Investors have no clue (ok, maybe 2% of them do) I’VE MET ABOUT THEY SPREAD ENTREPRENEURS 100 INVESTORS THEMSELVES TOO ARE USUALLY (Just a handful get THIN MUCH SMARTER what we do at (I am yet to see an (No, really) Brainient) investor that only meets startups they understand) @emigal | www.emigal.com
  • 32. It’s all about the money (and who can blame them?) “Listen! We’re not just doing this for the money! We’re doing this for a SHITLOAD of money!” Lone Starr (Bill Pullman) @emigal | www.emigal.com
  • 33. Again. Everything that can go wrong, will. (especially when you’re raising money) @emigal | www.emigal.com
  • 35. ALL your estimates will be WRONG (well, mine were) @emigal | www.emigal.com
  • 36. ALL your estimates will be WRONG (well, mine were) PRODUCT (will take two times longer - if you’re lucky) @emigal | www.emigal.com
  • 37. ALL your estimates will be WRONG (well, mine were) PRODUCT RAISING MONEY (will take two times (will take three longer - if you’re times longer. Unless lucky) you’re dating a VC) @emigal | www.emigal.com
  • 38. ALL your estimates will be WRONG (well, mine were) PRODUCT RAISING MONEY MAKING MONEY (will take two times (will take three (slash that Budget of longer - if you’re times longer. Unless yours in two. That’s lucky) you’re dating a VC) more like it) @emigal | www.emigal.com
  • 39. You WILL have near death experiences. Quite a few of them, actually. (a short story on what you should expect) @emigal | www.emigal.com
  • 41. If Poland made it, so can we. (I sure hope there are no Polish people in the room) @emigal | www.emigal.com